Investors Look To Snap-Up Illinois Bonds 

(Chicago, IL) — The state of Illinois is looking at a third straight year without a budget and 14 billion-dollars in unpaid bills. But investors think the state is still a bargain. “Bloomberg” reported yesterday that Citigroup is strongly suggesting investors buy Illinois bonds. Citigroup says Illinois’ ten-year bonds pay almost two-and-a-half-percent more than top rated bonds. In other words, Illinois is broke so it pays better to lend the state money.